FAQ's on TDS under section 194G

tds on winning from lottery
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TDS Applicability on Lottery or Game Show Income:** >If prize money TDS on net winning of April, 2023 shall be deposited with the

TDS Rate: The TDS rate for lottery winnings is 30% us 194B of the winning amount For game show Under Section 194B of the Income Tax Act, 30 per cent tax is deducted on any prize money in excess of Rs 10000 and other winnings from games

crazy money slot machine Deduction of tax at source on winnings mandates that taxes are deducted before prize money is distributed to winner  As per the department, no TDS is applicable if the amount does not exceed Rs 10,000 during a financial year from lottery or crossword puzzles